Enghouse Systems (TSE:ENGH) Stock Rating Lowered by Royal Bank of Canada

Enghouse Systems (TSE:ENGH) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$3,300.00 price target on the stock, down from their previous price target of C$3,800.00.

A number of other brokerages have also recently issued reports on ENGH. CIBC cut their price objective on Enghouse Systems from C$37.00 to C$31.00 in a report on Monday, December 16th. TD Securities reduced their price target on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a research report on Monday, December 16th.

Enghouse Systems Price Performance

Shares of ENGH stock traded down C$0.91 during mid-day trading on Friday, reaching C$25.51. The company’s stock had a trading volume of 110,133 shares, compared to its average volume of 97,851. The firm’s 50-day moving average is C$26.88 and its two-hundred day moving average is C$28.80. The company has a market cap of C$1.42 billion, a P/E ratio of 17.49, a PEG ratio of -4.19 and a beta of 0.67. Enghouse Systems has a 1-year low of C$25.11 and a 1-year high of C$34.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.